Money Pouring in on Patriots for SB LIII
With money pouring in on Bill Belichick and the New England Patriots, the point spread for Super Bowl LIII has moved yet again. After the Rams opened as 1-point favorites at some sports books, L.A. is knocking on the door of being an underdog of a field goal before next Sunday’s big game.
According to oddsmakers from online sportsbook BetNow.eu, the Patriots are now 2.5-point favorites in Super Bowl LIII. As previously noted, New England opened as an underdog at some books, although other shops had the game initially listed as a pick’em. As for the total, the number opened at 58.5 but was bet down a full point to 57.5.
No matter if some books opened the Rams at -1 or the game as a pick’em, the sportsbooks are in unison now. Less than an hour before the point spread opened for Super Bowl LIII, the Patriots were -2 at most books. Eventually oddsmakers adjusted the juice from -110 to -115, then to -120. That was an indication that the line wasn’t done moving and clearly it wasn’t, as New England is now -2.5 with the standard -110 juice.
Another indication that the line could move again is the amount of money pouring in on the Patriots. As of this writing, a whopping 84% of the betting tickets are on New England to cover the spread. Most of the money (90%) wagered at online sportsbooks is also on the Patriots. It would not be shocking to see this line get as high as a field goal with a week-and-a-half worth of betting to do before Super Bowl Sunday.
It also wouldn’t be surprising to see the sharps eventually come in and buy back the Rams at a massive value. If it’s true that wiseguys bet lines and not teams, then how could sharps not strike if the spread climbs as high as 3 or 3.5? If oddsmakers agreed that this game was, at the very least, a pick’em, then it would be a surprise if there wasn’t plenty of buyback on L.A. Then again, with the amount of money coming in on the Patriots, sharps can be patient before grabbing the Rams as an underdog or waiting until their moneyline odds go up. Either way, L.A. will eventually be a bargain buy.